Service Details
Term Life Insurance provides coverage for a fixed period, known as the policy term, and pays out a death benefit only if the insured passes away during that time. It is one of the simplest and most affordable forms of life insurance, designed to provide essential financial protection for dependents in the event of premature death.
While the policy does not accumulate any cash value, it ensures that loved ones are financially supported — helping them cover key expenses such as mortgages, personal loans, or education costs. Term Life Insurance is an ideal choice for individuals seeking high coverage at a low premium.
Frequently Asked Question
A: If the insured outlives the policy term, no benefit is paid unless the policy includes a return-of-premium feature. However, the insured can renew or convert the policy, depending on the insurer’s terms.
A: Term insurance premiums are typically lower than those of whole life or endowment policies because it provides pure protection without a savings or investment component.
A: This policy is suitable for individuals with financial dependents — such as families or business partners — who want affordable coverage to secure their loved ones’ financial future.
Service Included
- Fixed-Term Coverage
- Guaranteed Death Benefit
- Affordable Premiums
- Family Financial Security